global neobank Revolute has introduced a unique debit card vending machine at the National University of Singapore (NUS). This is touted to be Singapore’s first debit card vending machine.
Students can get a free Revolut x Visa debit card by picking up their card from a vending machine and scanning the QR code on the package. Sign up for an account.
Existing customers can also use this machine to obtain replacement cards.
Revolut offers a range of features to suit students’ needs, including budgeting tools, international money transfers, expense splitting and access to investment options.
These features include up to 5% cashback offers on popular brands, the ability to exchange currencies at competitive rates, no-fee currency conversion, and seamless group bill splitting to simplify shared expenses. Included.
Revolut also aims to increase financial literacy among students. The app includes a “Learn Stocks” module that educates users on the basics of investing, allowing them to start investing in stocks with as little as $1.
For added security, users can instantly freeze and unfreeze their cards and access a one-time disposable virtual card for online transactions.
This move aligns with Visa research showing convenience is a key factor for Gen Z consumers when choosing a payment method.
Nearly 40% of Gen Z consumers highlighted that better benefits and offers would encourage them to switch to alternative payment methods.
By providing debit cards directly to students, Revolut aims to simplify financial management and encourage responsible spending habits, especially for students under 21 who are underserved by traditional banks. I am.
Raymond Ng, Chief Executive Officer of Revolut Singapore, said:
“We are excited to introduce Singapore’s first-ever debit card vending machine to one of Singapore’s most established and largest universities, making it easier for students to obtain cards.
Whether you want to spend money in over 150 countries around the world, split bills seamlessly with friends, save up for a new PlayStation or learn about a range of investment tools, Revolut is your all-in-one money buddy. It will be. ”
Adaline Kim, Visa Country Manager for Singapore and Brunei, said:
“Our Gen Z research shows that nearly 40% of Gen Z consumers indicate that convenience is an important factor in deciding which products to use to pay, and by the same numbers, they are more likely to It became clear that if there were good perks and offers, they might switch to alternative payment methods.
By making debit cards easily available to young people in NUS vending machines and offering generous cashback when they shop and pay, we are helping the next generation take control of their financial future. Masu. ”
